Bunts Road Housing Corp EIN 32-0223359 Form 990 (PDF) Claim this org

Bunts Road Housing Corp

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Builds and manages housing with support services for low-income disabled residents. For fiscal year 2025 it reported $118K in revenue, $125K in expenses, and $-325K in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Housing
Location
Westlake, OH
Filings
6 on file (2020–2025)
Revenue
$118KFY2025
Expenses
$125K
Net assets
$-325K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  32-0223359 Public charity (501(c)(3)) Westlake, OH Founded 2010
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds and manages housing with support services for low-income disabled residents.
Leadership
Meg Nachtwey · CEO
Money in and out
$118K revenue, $125K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$-325K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate▲ +57% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▲ +55% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$118K
FY2025▲ +7%
Expenses
$125K
FY2025-0.3%
Total assets
$774K
FY2025-0.04%
Total liabilities
$1.1M
FY2025▲ +0.6%
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$-325K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$774K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBunts Road Housing Corp
EINHdr · item D32-0223359
Principal addressHdr · item CWestlake, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2010
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFSep 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $99K of program spending, described in the organization's own filed words · FY2025.
01

Operation of a multifamily housing facility for low income disabled residents pursuant to section 811 of the national affordable housing act

$99Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$101K · 85%
Contributions & grants$18K · 15%
Program service revenue85%$101K
Contributions & grants15%$18K
Investment income$3
Total revenueLn 12$118K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$99K
Management & general21%$26K
Total functional expensesLn 25$125K

Balance Sheet

Part X · end of year
CashLn 1$65K
Total assetsLn 16$774K
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$-325K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $65K · Operating expenses/yr $125K
6.3 months
Where the money goes
Program services
Program services $99K · Total expenses $125K
79%
Management & General
Management & general $26K · Total expenses $125K
21%
Fundraising
Fundraising $0 · Total expenses $125K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $21K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $18K · Total revenue $118K
15%
Government reliance
Government grants — · Total revenue $118K
Earned-income share
Program service revenue $101K · Total revenue $118K
85%
Investment reliance
Investment income $3 · Total revenue $118K
<0.01%
Program self-sufficiency
Program service revenue $101K · Total expenses $125K
80%
Growth & trend
Revenue growth (YoY)
This year $118K · Prior year $111K
+7%
Revenue CAGR
FY2020 $88K · FY2025 $118K
+6%
Net-asset trend (YoY)
End of year $-325K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $118K · Expenses $125K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $774K
Net-asset ratio
Net assets $-325K · Total assets $774K
-42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $774K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Meg Nachtwey · Reported title CEO · Highest reported compensation $0 · Total expenses $125K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $125K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Revenue growth 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$18K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$118K revenue · viewing · ⤓ 990 PDF
FY2024$111K revenue · ⤓ 990 PDF
FY2023$123K revenue · ⤓ 990 PDF
FY2022$86K revenue · ⤓ 990 PDF
FY2021$148K revenue · ⤓ 990 PDF
FY2020$88K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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